₦airaland Forum

It is important to state that some currencies globally have fallen against the dollars in the last 2 years. Russian Roubles fell by 125%, Ghanaian New cedi fell by 66%, Brazilian Real fell by 64% and Nigerian Naira fell by 21% (Due to pegging).

You can look at the fact above and make a decision on 21% for Nigeria that is significantly dependent on foreign products and services without a manufacturing base. In comparison to Brazil and Russia who have manufacturing base. Apart from Ghana our economy is no match to Brazil and Russia who have had significant loss to their currencies. Artificial defence of Naira may only spell doom for our Naira in my opinion.

The law of supply and demand will not bow to Buharinomics because Adam Smith is the father of economics. Wishful thinking will not safe the Naira but a monetary policy that is devoid of emotion. We cannot eat our cake and have it, as long as we continue to demand for foreign products and the price of oil remain low, Naira WILL continue to fall, until an equilibrium is reached as postulated by proven economic theory of demand and supply.

Conclusively, I remember in my secondary school days, I read a book written by a renowned African professor, he said when the centre can no longer hold, THING WILL FALL APART. I hope the monetary policy of Nigeria does not lead to things falling apart for our economy, but unfortunately, HOPE alone may not be enough.

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adontunderstand what this one is saying jare

If u ask lia Muhmd,he wud tel u to blame me

Eebrahym:
adontunderstand what this one is saying jare

That's because, just like Buhari, you're a NEPA Bill graduate.

MCMLXXVI:
That's because, just like Buhari, you're a NEPA Bill graduate.

You are still not making sense bro

Eebrahym:
You are still not making sense bro

Common sense is not common this days Buhari is on track whatever the weather.

Economics is a proven theory. Chaiii
Buhari is lucky because all his critics are mostly dumb half educated Nigerians from the SE. What in the name of everything good is the meaning of this thread?. Why do the ignorant always speak?

Adminisher:
Economics is a proven theory. Chaiii
Buhari is lucky because all his critics are mostly dumb half educated Nigerians from the SE. What in the name of everything good is the meaning of this thread?. Why do the ignorant always speak?

Lol, buharist always following the cheapest escape route instead of superior logic

Adminisher:
Economics is a proven theory. Chaiii
Buhari is lucky because all his critics are mostly dumb half educated Nigerians from the SE. What in the name of everything good is the meaning of this thread?. Why do the ignorant always speak?

#IsupportedBuhaributIamnotmumu

igwe123:
Lol, buharist always following the cheapest escape route instead of superior logic

God bless you Igwe, that is my point. They will abuse you instead of providing superior logical argument. Knowing fully well the same strategy did not work for GEJ. No one has responded to my points rather they are quick to attack and name calling hahahaha

Trash from a wailer

babyfaceafrica:
Trash from a wailer

Hahahaha, thank you keep it up..........I hope KOWA can start utilising this vacuum to their advantage, to gain improved prominence.

slimfit1:
Common sense is not common this days Buhari is on track whatever the weather.

...Yes, you, I mean you are making sense